UNCONVENTIONAL

Esrey seeks clean slate in PNG

CANADA's Esrey Energy has entered into a debt settlement agreement to settle its funding issues, given up its disappointing unconventional interests in Poland, and will focus on a slimmed down portfolio of opportunities in Papua New Guinea.

A recent crop of non-revolving credit facilities matured earlier this year, leaving the junior explorer owing US$3.34 million [$A4.2 million], but finding itself capital constrained the company negotiated...

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